Coupang

South Korea fines Coupang $409 million in country's largest data breach penalty

South Korea fines Coupang $409 million in country's largest data breach penalty SEOUL, June 11 : South Korea will fine e-commerce giant Coupang 625 billion won ($409.30 million) over a massive leak of customer information last year and illegal collection of personal information, in the country's largest data breach penalty on a company. The Personal Information Protection Commission said the New York-listed company had leaked personal data of more than 33 million customers and failed to...

South Korea fines Coupang $408m over biggest data leak in country’s history

South Korea fines Coupang $408m over biggest data leak in country’s history Data protection watchdog says e-commerce giant failed to implement safety measures and delayed reporting breach. South Korea has hit e-commerce giant Coupang with a record $408m fine over a leak that allegedly exposed the data of more than 30 million customers and provoked the ire of US lawmakers. The Personal Information Protection Commission said on Thursday that the New York-listed company had leaked personal data...

South Korea fines e-commerce giant Coupang record US$400 million over data leak

South Korea fines e-commerce giant Coupang record US$400 million over data leak SEOUL: South Korea imposed on Thursday (Jun 11) a record US$408 million fine on e-commerce giant Coupang over a leak that exposed the data of more than 30 million customers, provoking ire from US lawmakers. The move caps a months-long probe into the country's largest online retail platform, which is incorporated in the United States.

South Korea hits e-commerce giant Coupang with record US$409 million fine for data breach

South Korea imposed on Thursday a record US$409 million fine on e-commerce giant Coupang over a leak that exposed the data of more than 30 million customers, provoking ire from US lawmakers. The move caps a months-long probe into the country’s largest online retail platform, which is incorporated in the United States. Allegations of a massive data leak first surfaced in November, becoming an unexpected source of friction between Seoul and Washington.

South Korea Fines Coupang $409 Million for Large-Scale Data Leak

SoftBank’s OpenAI bet and rising debt are raising liquidity crunch concerns

SoftBank's ascent to becoming Japan's most valuable company has put the spotlight on the conglomerate, raising questions whether it is taking on too much risk through its highly leveraged bet on artificial intelligence. Shares of the Japanese technology investment giant, led by founder Masayoshi Son, have surged about 70% this year on investor enthusiasm over AI, buoyed by the soaring valuation of chip designer Arm Holdings and expectations that OpenAI could see a blockbuster initial public...